Long Term Incentive Plan

RNS Number : 5288O

Hargreaves Services PLC

19 September 2011

 



HARGREAVES SERVICES PLC

('the Company')

19 September 2011

Long Term Incentive Plan ('LTIP')

The Company advises that, on 16 September 2011, conditional awards involving 134,626 ordinary shares of 10p each ('Ordinary Shares') were made under the LTIP rules to a number of employees.

Included within the allocation were awards made to the following Directors:

    Director                      Maximum number of Ordinary Shares awarded

Gordon Banham                                               34,657

Iain Cockburn                                                    16,989

Kevin Dougan                                                    12,130

Nigel Barraclough                                            14,503

The number of Ordinary Shares stated is the maximum available to the persons named above on satisfaction of the performance target in full.  The earliest date on which the persons named above would become beneficially entitled to the shares comprised in the awards is 16 September 2014 which follows the performance period defined in the LTIP.

The total number of voting rights in the Company is 26,957,742.

For further information, please contact:

Hargreaves Services plc                                                                                                               0191 373 4485

Gordon Banham

Iain Cockburn

Brewin Dolphin                                                                                                                               0845 2134730

Matt Davis

Nick Owen

RBS Hoare Govett                                                                                                                           0207 678 8000

Stephen Bowler

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